Farmers State Bank v. Youngers

Section 8980, Rev. Code 1919, prohibits the loaning of more than 20 per cent, of the paid-up capital and surplus of a state bank to any corporation, partnership, or individual. The complaint in this case alleges the making of excessive loans to divers persons, and the recovery of such excess is sought from the officers and directors of the bank, in accordance with the liability therefor created by § 8990, Rev. Code 1919. The defendants demurred to the complaint, upon the ground that it did not state a cause of action. The trial court sustained the demurrer. From such order plaintiffs appeal.

Ap…